MODUS Companies will be bringing five separate Zero Energy Ready
Home (ZERH) communities spanning across the cities of Buckeye, Casa
Grande, and Scottsdale,
Arizona to market in 2024.
SCOTTSDALE, Ariz., May 9, 2024
/PRNewswire-PRWeb/ -- High interest rates and a housing shortage
has driven more people to renting and Ed Gorman, Founder of
MODUS Companies – the country's leading developer of Zero Energy
Ready Home (ZERH) communities – along with other experts have
predicted a severe shortage in the next 2-3 years when the current
multifamily projects under construction are absorbed. Because of
that, MODUS Companies, has already begun to fill this void and is
bringing 1,030 NZE build-to-rent units to the Arizona market in the coming year.
As one of the top acquirers of multi-family
land in Arizona, with currently
half a billion dollars invested in current projects alone, MODUS is
poised to make quite the mark in the BTR space in the months
ahead.
"We saw this shift coming a mile away and given that our
buildouts cost no more than non-NZE competitors yet offer so much
more value and cost-savings to the renter – for example, utility
bills are 50-70% less – we knew MODUS could make a difference,"
said Ed Gorman, Founder of MODUS
Companies.
As one of the top acquirers of multi-family land in the state,
with currently half a billion dollars invested in current projects
alone, MODUS is poised to make quite the mark in the BTR space in
the months ahead. Upcoming projects throughout the state
include:
Buckeye Village Centre in Buckeye,
Arizona (78 units)
Currently named the fastest growing city in America, MODUS will
be building a 78-unit community of rental homes across eight acres
of land that is among the city's downtown redevelopment. The 1- and
2-bedroom floor plans with private back yards will all be built
with Zero Energy Ready Home standards, rooftop solar, numerous
energy-saving features and electric vehicle charging stations.
Promenade Village in Casa Grande,
Arizona (two phases totaling 426 units)
This 41-acre property adjacent to the Promenade at Casa Grande
Shopping Center will be completed in two phases; 206 units on 19
acres and 230 units on 22 acres. Both of which will include 1-, 2-
and 3-bedroom floor plans with private back yards all designed with
Zero Energy Ready Home standards, rooftop solar and other
energy-saving features.
Sundance Village in Buckeye,
Arizona (154 units)
This master-planned community in Buckeye, Arizona will feature 154 rental homes
that include 1-, 2- and 3-bedroom floor plans, each with private
back yards, some with direct-access garages, a recreational trail,
dog park, pool and spa, gym and pickleball court. All homes will be
built with ZERH standards, rooftop solar and other energy-saving
features.
Sundance Station Apartments in Buckeye, Arizona (272 units)
Sundance Station will be the
first new apartment project in the city of Buckeye in the past 20 years that will provide
entry-level housing to the rapidly growing market. The 272 Class A
apartment units will include 3- and 4-story buildings with
elevators that lead to 1-, 2- and 3-bedroom apartments, each
designed with Zero Energy Ready Home standards, and premium
amenities (including a pool, spa, lounge and fitness center).
Scottsdale, Arizona (100
units)
With a prime location minutes from Old Town Scottsdale, Arcadia
and the Biltmore, this community will feature 100 luxurious
single-level units with 1-, 2- and 3-bedroom floor plans each with
private back yards, built with Zero Energy Ready Home standards and
advanced home automation. The state-of-the-art clubhouse will
feature a gym, co-working spaces and 360 views of the surrounding
communities and Camelback Mountain.
"Our decades of experience have really allowed us to hone in on
a methodology that works for both the investor and the renter. We
can now scale ZERH projects at up to 220 units per community, with
that number expected to grow in the coming years," said Gorman.
For more information on MODUS Companies and their upcoming
projects, visit www.moduscompanies.com or call 602.421.2221.
Media Contact
Kendra Riley, MODUS Companies, 1
4802206051, kendra@dawningpr.com, www.moduscompanies.com
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SOURCE MODUS Companies